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Gold/Mining/Energy : Copper - analysis
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To: Stephen O who wrote (1232)6/9/2005 11:40:49 AM
From: Robert Douglas   of 2131
 
Prices for copper will probably fall to between 95 cents and $1 a pound in 2007 and 2008 as mining companies boost production, said Juan Villarzu, president and chief executive of Codelco, at a news conference in Santiago yesterday.

Which is his way of telling other producers not to expand while Codelco invests $17 billion.
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